CASTROLIND
Castrol India share price & financials
- Price
- ₹184.45
- Market cap
- ₹18.5k Cr
- Sector
- Oil, Gas & Consumable Fuels
- Calls analysed
- 7
Castrol India Limited Q2 & 1H FY26
What went well
- Revenue from operations for Q2 FY26 was ₹1,871 crores, a 25% increase year-on-year and 21% sequentially.
- EBITDA for Q2 FY26 reached ₹494 crores, marking a 41% increase year-on-year and 41% sequentially, with an EBITDA margin of approximately 26%.
- Profit after tax for Q2 FY26 stood at ₹348 crores, up 43% year-on-year and 44% sequentially.
What to watch
- Management expects the impact of commodity and feedstock inflation to become more visible in Q3 FY26.
- The operating environment remains volatile, marked by supply disruptions and commodity cost inflation.
What Castrol India Limited does
Castrol India Limited is the Indian arm of the global Castrol lubricants brand, formulating, blending and marketing automotive and industrial lubricants, greases and specialty fluids across the Consumer, OEM & Fleet and Industrial segments. It also runs an Auto Care step-out business (mechanical-care, aesthetic-care and rider-care products) and Chemical Management Services for industrial customers. Products are manufactured at three domestic blending plants and reach the market through OEM partnerships, independent workshops and mechanics, and a wide retail and rural distribution network including mobile Rural Service Express units.
Segments
- Consumer
- OEM & Fleet
- Industrial
- Market position
- #1 by retail volume share across automotive lubricant categories (NielsenIQ, 12 states urban)
- Manufacturing (blending) plants
- 3 — Patalganga (Maharashtra), Silvassa (UT), Paharpur (West Bengal)
- Installed blending capacity
- Patalganga 100+ mn litres/yr, Silvassa 85+ mn litres/yr, Paharpur 45+ mn litres/yr
- Retail outlets
- ~150,000
- Rural outlets
- ~43,000 outlets across ~9,000 villages
- Mechanics engaged
- ~700,000
Guidance record · Q1 FY27
what the last two calls moved 14 tracked 6 delivered 4 missed 4 open- EBITDA Margin delivered said Q1 FY26 Promised: 21% to 24% (Ongoing) Q1 FY27: EBITDA margin for the quarter was 26%, exceeding the guided range. The H1 margin was 24%. Management reiterated the 21-24% guidance.
- EBITDA Margin delivered said Q3 FY25 Promised: 22% to 25% for FY25 Q1 FY27: This is a closed promise from a past fiscal year and was not discussed.
- Volume Growth vs Market on track said Q3 FY26 Promised: 1.5x to 2x market growth Q1 FY27: Management confirmed they are 'in that range' of the '2x the market growth' guidance.
All 14 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 25.0%, net profit up 42.6% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,288 | 1,354 | 1,422 | 1,497 | 1,363 +6% | 1,440 +6% | 1,545 +9% | 1,871 +25% |
| EBITDA | 286 | 376 | 307 | 350 | 323 +13% | 368 −2% | 329 +7% | 494 +41% |
| Net profit | 207 | 271 | 233 | 244 | 228 +10% | 245 −10% | 242 +4% | 348 +43% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −5.5% 1Y
1Y: ₹198.87 on 10 Sept 2025 → ₹188.03. High ₹205.01 (17 Sept 2025), low ₹173.52 (30 Mar 2026).
How the price took the results
close before → close after
- Q1 FY27
- +2.4%
- 5 Aug
- Q4 FY26
- +0.5%
- 29 Apr
- Q3 FY26
- +1.4%
- 4 Feb
- Q2 FY26
- −1.7%
- 6 Nov
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 6.2% a year over 2 years, FY23 to FY25. Operating margin held at 23.6%.
| Year ending | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | ₹5.1k Cr | ₹5.4k Cr | ₹5.7k Cr |
| Operating profit | ₹1.2k Cr | ₹1.3k Cr | ₹1.3k Cr |
| Operating margin | 23.6% | 23.8% | 23.6% |
| Interest | ₹7 Cr | ₹10 Cr | ₹9 Cr |
| Depreciation | ₹93 Cr | ₹100 Cr | ₹101 Cr |
| Net profit | ₹863 Cr | ₹926 Cr | ₹950 Cr |
| Net margin | 17.0% | 17.3% | 16.6% |
| ROCE | 57.0% | 55.0% | 60.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹495 Cr | ₹495 Cr | ₹495 Cr | ₹495 Cr | ₹495 Cr | ₹495 Cr |
| Reserves | ₹1.2k Cr | ₹1.4k Cr | ₹1.6k Cr | ₹1.8k Cr | ₹1.4k Cr | ₹1.4k Cr |
| Borrowings | ₹7 Cr | ₹50 Cr | ₹77 Cr | ₹82 Cr | ₹63 Cr | ₹53 Cr |
| Other liabilities | ₹1.1k Cr | ₹1.1k Cr | ₹1.2k Cr | ₹1.3k Cr | ₹1.4k Cr | ₹1.9k Cr |
| Total liabilities | ₹2.7k Cr | ₹3.1k Cr | ₹3.4k Cr | ₹3.6k Cr | ₹3.4k Cr | ₹3.9k Cr |
| Fixed assets | ₹201 Cr | ₹261 Cr | ₹259 Cr | ₹319 Cr | ₹334 Cr | ₹348 Cr |
| Capital work in progress | ₹50 Cr | ₹61 Cr | ₹108 Cr | ₹60 Cr | ₹72 Cr | ₹56 Cr |
| Investments | ₹0 Cr | ₹325 Cr | ₹488 Cr | ₹488 Cr | ₹443 Cr | ₹377 Cr |
| Other assets | ₹2.5k Cr | ₹2.4k Cr | ₹2.6k Cr | ₹2.8k Cr | ₹2.5k Cr | ₹3.1k Cr |
| Total assets | ₹2.7k Cr | ₹3.1k Cr | ₹3.4k Cr | ₹3.6k Cr | ₹3.4k Cr | ₹3.9k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, the public added +2.66 pp while FIIs trimmed −2.14 pp.
- Promoters
- 51.0%
- FIIs
- 8.2%
- DIIs
- 13.6%
- Government
- 0.8%
- Public
- 26.4%
Since Jun 2025
- Public +2.66 pp
- FIIs −2.14 pp
- DIIs −1.29 pp
How it drifted, 12 quarters
Over this window the public went from 21.5% to 26.4% — +4.9 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 51.0%, FIIs 11.0%, DIIs 16.5%, Public 21.5%.Dec '23: Promoters 51.0%, FIIs 10.4%, DIIs 15.9%, Public 22.7%.Mar '24: Promoters 51.0%, FIIs 9.5%, DIIs 16.4%, Public 23.1%.Jun '24: Promoters 51.0%, FIIs 10.0%, DIIs 16.1%, Public 22.9%.Sep '24: Promoters 51.0%, FIIs 10.1%, DIIs 15.2%, Public 23.8%.Dec '24: Promoters 51.0%, FIIs 9.5%, DIIs 14.5%, Public 25.0%.Mar '25: Promoters 51.0%, FIIs 10.6%, DIIs 14.6%, Public 23.8%.Jun '25: Promoters 51.0%, FIIs 10.3%, DIIs 14.9%, Public 23.8%.Sep '25: Promoters 51.0%, FIIs 10.3%, DIIs 14.9%, Public 23.8%.Dec '25: Promoters 51.0%, FIIs 9.7%, DIIs 14.6%, Public 24.7%.Mar '26: Promoters 51.0%, FIIs 8.5%, DIIs 14.2%, Government 0.5%, Public 25.9%.Jun '26: Promoters 51.0%, FIIs 8.2%, DIIs 13.6%, Government 0.8%, Public 26.4%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Castrol India Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Castrol Limited | 51.00% | unchanged |
| Life Insurance Corporation Of India Insurer | 8.79% | −0.61 pp |
| Nippon Life India Trustee Ltd-A/C Nippon India Sma Mutual fund | 1.10% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in CASTROLIND
Filings to Aug 2026
0 new, 7 added, 2 trimmed, 0 sold out — net +0.13 L shares (+0.1%).
- Held by funds
- ₹220 Cr
- 11 schemes
- Biggest holder
- Nippon India Small Cap Fund
- ₹186 Cr · 0.2% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| Nippon India Small Cap Fund Nippon India Mutual Fund | ₹186 Cr | held | May '22 |
| Nippon India Nifty Smallcap 250 Index Fund Nippon India Mutual Fund | ₹14 Cr | +0.09 L | Mar '22 |
| HDFC Dividend Yield Fund HDFC Mutual Fund | ₹11 Cr | held | Dec '22 |
| SBI Nifty Smallcap 250 Index Fund SBI Mutual Fund | ₹7 Cr | +0.04 L | Oct '22 |
| Nippon India Nifty 500 Equal Weight Index Fund Nippon India Mutual Fund | ₹1 Cr | +0.00 L | Sep '24 |
| Nippon India Nifty 500 Quality 50 Index Fund Nippon India Mutual Fund | ₹1 Cr | −0.01 L | May '25 |
| SBI Nifty 500 Index Fund SBI Mutual Fund | ₹0 Cr | −0.00 L | Sep '24 |
| Nippon India Nifty 500 Low Volatility 50 Index Fund Nippon India Mutual Fund | ₹0 Cr | +0.00 L | Jun '26 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Aug 2026
7 added, 2 trimmed — net +13,293 shares (+0.1%)
- Funds are sitting on
- +27%
- vs est. average cost
- Held by funds
- ₹220 Cr
- 11 schemes · ≈ 1.2% of the company
- Biggest holder
- Nippon India Small Cap Fund
- ₹186 Cr · 0.2% of that fund
- Longest holder
- Nippon India Nifty Smallcap 250 Index Fund
- 4y 6m · since Mar '22
Shares held by these funds +40%
Aug '23 1.19 cr shares Jul '26
All earnings calls (7)
Read the Q1 FY27 call →Learn to analyse Castrol India Limited
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